What criteria does the BLS use to count someone as employed? As unemployed? Is a decrease in the unemployment rate a good thing for a nation? Explain. Is it desirable to pursue a goal of zero unemployment? Why or why not?

Q: Which of the following is the type of unemployment in which there is no reduction in production if…

A: In an economy, unemployed people belongs to different types of unemployment based on their reason of…

Q: If, over two periods, the unemployment rate had reduced from 6.5 per cent to 5.5 per cent and the…

A: Initial unemployment rate = 6.5% Final unemployment rate = 5.5% Initial labor force underutilization…

Q: If a contry has a noninstitutional population of 200 million and a labor force of 160 million and…

A: Labor force participation rate: It indicates the percentage of the working-age population in the…

Q: What is the difference between being unemployed and being out of the labor force? How do you…

A: Unemployed people are those who do not have a job, have actively sought for employment in the…

Q: Suppose the workingminus−age population of a fictional economy falls into the following​ categories:…

A: In the US, the official unemployment rate is called the U-3. It states the unemployed people as…

Q: Which of the following is not a type of unemployment? A) cyclical B) Public Employees C)…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: Explain why frictional and structural unemployment are unavoidable in an economy. Examine the…

A: The unemployment is the economic situation in which people are willing to work at the prevailing…

Q: Calculate the size of the labor force and the unemployment rate if there are 200 frictionally…

A: Given. Fictionally unemployed = 200 Structurally unemployed = 175 Cyclically unemployed = 50…

Q: Given the information below, answer the following: Calculate the unemployment and labor force…

A: The labor force participation rate is the measure to evaluate working-age population in an economy.…

Q: the difference between the ‘labor force participation rate’ (LPR) and the ‘employment-to-population…

A: Given Difference between the ‘labor force participation rate’ (LPR) and the…

Q: which type of unemployment reflects the situation above? Define this unemployment.

A: 1) The type of unemployment stated here is cyclical unemployment.

Q: Suppose you're in charge of economic policy. Today's unemployment rate is 3.6%, and you estimate…

A: The natural rate of unemployment is regarded as the full employment. There is presence of frictional…

Q: The following is information about labor market:   Entire Population 800 People under the age of…

A: Labor force (LF) = Full time employed + Part time employed + Unemployed but looking for job = 250 +…

Q: If the labor force is 190 million and the unemployment rate is 6.5 percent, the number of people…

A: Labor force refers to the sum of the number of people who are employed and the number of people who…

Q: If the population is 300 million, with 70 million under the age of 16 and institutionalized, another…

A: Total population = 300 million Number of employed people =150 million Number of unemployed people…

Q: How might the unemployment rate understate and overstate the amount of joblessness?

A: Unemployment: It refers to the state in which a person is searching for a job but unable to find the…

Q: Would you expect hidden unemployment to be higher, lower, or about the same when the unemployment…

A: Hidden unemployment includes those individuals people who are either underemployed or are…

Q: If there are 400,000 persons aged 16 or older in the economy and 275,000 people are in the labor…

A: Given: Total Population= 400,000 Labor Force= 275,000 The labor force is calculated by summation of…

Q: What are the noneconomic effects of unemployment?

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Explain whether it is possible for the amount of employed people to decrease while the unemployment…

A: Unemployment Rate = Total Unemployed / Labor Force * 100 Labor Force = Employed + Unemployed

Q: What term describes unemployment that results from a person having a lack of employable skills?…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: One of the main problems with calculating the unemployment rate is that part-time work counts the…

A: Correct: B. The unemployment rate would increase

Q: Susie is a 15-year-old who is looking to work as a babysitter. However, no one has hired her. How…

A: Unemployment is a situation when a person looking for a job but cannot able to find it.

Q: Suppose the U.S. noninstitutional adult population is 230 million and the labor force participation…

A: The total number of people which fall under the working age group and who are available for work is…

Q: What factors make it difficult to determine the unemployment rate? Why is it difficult to…

A: The unemployment rate refers to the percent of unemployed people in the labor force.  Unemployed…

Q: (Measuring Unemployment) Suppose that the U.S. noninstitutional adult population is 230 million and…

A: Unemployment refers to the people who are willing to work and actively seeking a job opportunity but…

Q: Using the following data, compute  a) the unemployment rate, b) the employment rate, c) the labor…

A: Unemployment is a phenomenon in which a proportion of the labor force do not find jobs, despite…

Q: Who reports the official U.S. unemployment rate? How frequently is the survey that determines…

A: The unemployment rate is the rate that doesn’t have a job but actively seeking it from the total…

Q: Look at the following data: Employed persons = 110 million; civilian labor force = 135 million…

A:

Q: Can you do anything to reduce the number of people in the following categories? If so, what?…

A: Frictional Unemployment is called as search and wait unemployment. A person is searching and waiting…

Q: Calculate for the unemployment rate using the table below: Total Population 20 000 Working Age…

A: Employed people is 1000 Unemployed people is 100 ----------------- Labor force is the sum of…

Q: An economist sees the weekly job finding rate and the monthly job losing rate (which is 0,1 and 0,15…

A: The unemployed population is described by those people who are willing to work and are looking to…

Q: What criteria do the BLS use to count someone as employed? As unemployed?

A: An economy has three groups of people i.e. Employed, unemployed, and third group. Employed people…

Q: Identity Two possible reasons for unemployment.

A: Possible reason 1 Firms not creating more jobs which would result into decrease in demand for jobs.…

Q: 1. What is the labor force participation rate for period 2? 2. What is the unemployment rate for…

A: Labor force participation rate is the proportion of the country's working age population that are…

Q: eremp

A: Unemployment is a concept that includes the individuals who are actively seeking for a job and in…

Q: What are some of the problems with using the unemployment rate as an accurate measure of overall…

A: Answer: There are six measures used by the bureau of labor statistics: Unemployment occurs when…

Q: Give a clear definition of unemployment and how and why it rises and declines in the economy.

A: Unemployment occurs in an economy when the workers who are willing and able to work cannot find…